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This article was written by Charles Hugh Smith and originally published on his Of Two Minds blog. Editor's Comment: We're locked into a long term struggle with the collective system that has swallowed up our once free country.
The September jobs report was a big disappointment, but Gluskin Sheff's David Rosenberg thinks it was actually worse than even the downbeat headline numbers suggest.
It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a "dismal science." But it is totally irresponsible to have a loud and vociferous opinion on economic subjec
If it feels like you're reliving the market jitters of the Great Recession and eurozone crisis, it's probably because you are.
On May 28, 1816, Thomas Jefferson penned a letter to his friend John Taylor deeply criticizing the use of debt to fund a government's excessive operations:
A government shutdown would force Congress to address fiscal issues before they reach unmanageable levels, a former Reagan administration official contended Wednesday.
"We're on the fiscal Titanic and we're going to hit something hard and immovable one of these days," said David Stockman, director of the Office of Management and Budget from 1981 to 1985, in a CNBC "Closing Bell" interview.
Paul warned, "The world has never had a situation like this where the whole world endorsed a paper currency and had pyramiding of debt around the world by the reserve currency which is the dollar, so it's the biggest bubble ever so it's going t
Central bankers who led the charge to pull the global economy from a cliff during the financial crisis now risk becoming bit players, ill-equipped to snap the world out of sluggish growth and its addiction to cheap credit.
KINGSTON, NY, 30 September 2015--The Summer of 2015 is one for the financial record books. Since the Shanghai Index began melting down in mid-June, equity markets have been battered, commodity prices plunged and currencies of resource-rich nations a
A self-diagnosed workaholic, Jeanette Russell knows that a real vacation requires her to completely unplug by deleting mobile e-mail applications and letting her work laptop battery die in a corner. It's also company policy.
Production at Lowest Since July 2009; Emanuel's Tax Hikes Will Make Matters Worse
In August, Peter Schiff was a guest speaker at The Jackson Hole Summit, a gathering of free-market activists warning of the dangers of overreaching central banks and irresponsible monetary policies.
Editor's Note: While many are looking for that one big event, the steady economic collapse continues. Hits in the stock market, not only in the U.S. but across the world, are amounting to significant declines.
While the headline ADP print earlier today was modestly better than expected, at +200K, one of its components posted a surprising tumble: with 14,600 manufacturing jobs lost in August, this was the worst month for the US manufacturing sector since Ja
A lot of people out there expected something to happen in September that did not ultimately happen. There were all kinds of wild theories floating around, and many of them had no basis in reality whatsoever.
Businessman Donald Trump vows America will have "tremendous" economic growth if he's elected president.
And here's the knife in the heart of the Echo Housing bubble: declining household income.
For the third month in a row, the Case-Shiller 20-city seasonally adjusted home price index declined. Last month was revised lower. Economists were surprised.
While the Case-Shiller index reported earlier was weaker than had been expected, and the 20 City composite index posted its third monthly decline in a row, the headline hid a wide dispersion of home prices beneath the surface.
Back in July, long before anyone was looking at Glencore (or Asia's largest commodity trader, Noble Group which we also warned last month was due for a major crash, precisely as happened overnight) ....
The World's Largest Commodities Trading Company Is Toast
Financial markets showed signs of stabilizing after a rout Monday, as U.S. stocks advanced amid an unexpected rise in consumer confidence and Glencore Plc surged in London.
Washington (AFP) - More than 42 million Americans are part of the independent workforce, representing a shift away from traditional jobs as more people join sectors such as the "on-demand" economy, a study showed Tuesday.
In October 2011, things were looking bleak at Goldman Sachs Group Inc.'s commodities business. Revenue was down, competition was up, employee attrition was at an all-time high and new regulations were on the horizon.
"We're Gonna Need A Bigger Balance Sheet" - All Major US Equity Indices Negative Post-QE3
Glencore is in total free-fall across all markets today. Most worrying for systemic risk concerns is the rush into credit protection that has occurred, as counterparties attempt to hedge their exposures
The Federal Reserve has kept everyone guessing when it will start raising interest rates. It wasn't September, as many expected? Maybe in October? Maybe in December?
Corporate America is stuffing a lot of cash under the mattress.
When is the price of some marketable good or service at or near zero? When either the supply of it is so plentiful that virtually any demand, no matter how great, can be satisfied. Or when no matter how large or small the supply of it may be, people
